$ETH Giant whales gamble 500 million on a decline! Why is it said that ETH's rebound may just be a false move?
Market trends are born in despair, moving forward in hesitation—currently, ETH is at a critical juncture of bullish and bearish battles.
1. Latest on-chain news!
1. Powell's interest rate cut signal should have been favorable for risk assets, but the actions of the insider giant whale reopening a $500 million short position on Binance are concerning.
2. At the same time, Binance's $3 billion user compensation plan, while helping to stabilize market sentiment, also indirectly confirms the severity of recent market fluctuations.
3. On-chain data shows that some whale addresses are transferring ETH to exchanges, which may indicate potential selling pressure.
2. Latest technical analysis!
1. The MACD indicator shows that although the DIF and DEA are still operating below the zero axis, the MACD histogram has narrowed to -7.24, indicating that the downward momentum is weakening.
2. In terms of energy: trading volume, the current volume is only 7395, significantly below the average volume line, and this "volume-less fluctuation" often signals an impending trend change.
3. Regarding MA moving averages: the upper side is under pressure from the MA5 and MA10 moving averages. This pattern is like carrying a heavy load while climbing a mountain; every step upward feels more strenuous.
Remember! The market is always full of opportunities; what is lacking is the wisdom to wait patiently and the courage to strike decisively. The current hesitation may very well be the starting point for the next wave of market movements.
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